Construction & Real Estate

Construction & Real Estate

Elevate reports $34.72m new transaction at Mondrian Al Marjan

Wed, 20 May 2026

Elevate, a lifestyle real estate brand behind Mondrian Al Marjan Island Beach Residences, developed in partnership with lifestyle hospitality company Ennismore, has announced a landmark transaction exceeding AED127.5 million ($34.72 million) at the project.

Construction & Real Estate

KSA real estate sees measured growth, market repositioning in Q1

Wed, 20 May 2026

Saudi Arabia’s real estate market experienced strategic recalibration, steady structural demand drivers, and continued investor confidence despite a more complex regional economic backdrop in the first quarter of this year, a report said.

Construction & Real Estate

DHAM breaks ground on Lantana Hills, $185m main contract awarded

Wed, 20 May 2026

Dubai Holding Asset Management (DHAM), the owner and operator of a diverse portfolio of retail, residential and commercial destinations in Dubai, has broken ground on Lantana Hills, a new premium gated residential community in Dubai Science Park, Al Barsha South.

Construction & Real Estate

Holcim UAE launches ECOCycle circular technology

Wed, 20 May 2026

Holcim UAE has officially launched ECOCycle at the recent Make It In The Emirates event in Abu Dhabi, marking a landmark moment in the journey toward smarter, more sustainable construction.

Construction & Real Estate

International Real Estate Partners appoints new CEO

Wed, 20 May 2026

International Real Estate Partners (IREP), a global real estate and facilities management operating partner with offices across the UAE, has announced a planned leadership succession that will see Kamran Abbas appointed Chief Executive Officer.

Construction & Real Estate

Cityscape Global returns to Riyadh as Saudi real estate push gains pace

Tue, 19 May 2026

Leading real estate expo Cityscape Global 2026 will be back in Riyadh this November, bringing together investors, developers, policymakers and industry leaders from across the globe as Saudi Arabia continues to expand investment in real estate and urban development under its economic transformation plans.

Construction & Real Estate

Etihad Rail completes work on first passenger station in Fujairah

Tue, 19 May 2026

Etihad Rail, the developer of UAE's national railway network, has completed the work on Fujairah station, its first linking the northern emirate with Dubai and Abu Dhabi, ahead of launch of operations later this year. Spanning 51,900 sq m area, the station is located in Madinat Al Hilal area.

Construction & Real Estate

Saudi NCP launches bids for key public parks project

Tue, 19 May 2026

Saudi Arabia's National Center for Privatisation & PPP (NCP) has launched the expressions of interest (EOIs) and requests for qualification for the operation and maintenance of a new public parks project. The 15-year contract will cover 50 parks across three regions - Eastern Province, Jeddah, and Madinah region.

Construction & Real Estate

Metal Park adds 700,000 sq ft of industrial capacity in Phase Two

Tue, 19 May 2026

Metal Park, a 500,000 sq m ecosystem established in 2021 in Abu Dhabi, has kicked off the second phase of its integrated industrial ecosystem, following its successful Phase One launch. The new expansion will introduce more than 700,000 sq ft of industrial units dedicated to metal processing and fabrication.

Construction & Real Estate

RTA completes Dubai Metro tunnels maintenance, rehabilitation works

Tue, 19 May 2026

Dubai’s Roads and Transport Authority (RTA) has announced that the advanced maintenance and comprehensive rehabilitation works on Dubai Metro’s tunnel infrastructure have been fully completed. This comes as part of RTA’s ongoing efforts to enhance operational safety and ensure operational excellence.